Ushio Acquires ams-OSRAM Group's Industrial/Entertainment Lamp Business

ams OSRAM has signed an agreement with Ushio Inc. for the sale of its Entertainment and Industry Lamps (ENI) business. The transaction is expected to close by the end of March 2026, subject to typical closing procedures. The purchase price of 114 million euros is on a cash-and-debt-free basis.

ENI's product portfolio ranges from specialty lamps for infrastructure and cinema applications to extremely sophisticated light sources for semiconductor wafer fabrication equipment (WFE). The profitable ENI business delivered revenues of approximately. EUR 170 million in 2024.

This deal means that, as the entertainment industry transitions to LED units, Ushio will entirely control the shrinking market for incandescent lightbulbs.

"After the successful extension of the Revolving Credit Facility and the placement of additional senior notes, we deliver today the first result of our accelerated deleveraging plan in terms of executing divestment options. With Ushio, we have found the perfect new home for our sophisticated, high-end specialty lamps niche business. At the same time, we are further streamlining our portfolio towards our core markets," says Aldo Kamper, CEO of ams OSRAM.

In a statement, Ushio says, "Through this takeover, Ushio will further strengthen its competitiveness and raise the level of its revenue base in order to expand the IP business, and lead it to future consolidation of the light source industry and a faster improvement in production efficiency."